Reference no: EM131205523
Nottebart Corporation has outstanding 10,800 shares of $110 par value, 6% preferred stock and 61,300 shares of $19 par value common stock. The preferred stock was issued in January 2014, and no dividends were declared in 2014 or 2015. In 2016, Nottebart declares a cash dividend of $302,000.
(a) Assume that the preferred are noncumulative.
How much dividend will the preferred stockholders receive?
Preferred stockholders would receive $
How much dividend will the common stockholders receive?
Common stockholders would receive $
(b) Assume that the preferred are cumulative.
How much dividend will the preferred stockholders receive?
Preferred stockholders would receive $
How much dividend will the common stockholders receive?
Common stockholders would receive $
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